Restaurant
Restaurant
Opportunity A: Purchase the real estate (including private off property parking lot), business and inventory OR Opportunity B: Purchase JUST the real estate subject to a 2-year agreement to purchase, lease or sell the business; (current owner willing to continue operating the business on terms of agreement, for up to 2 years).
Location
Country: | USA |
State or Province: | FL |
City: | Jacksonville |
Location Zip or Postal Code: | 32204 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Restaurant |
Year Established: | 2004 |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | 17000, Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Hours of Operation: | 7:00 am - 3:00 am |
Growth or Expansion Opportunities: | Current owner does NO advertising or promotion, also amenities can be added |
Reason for Selling: | retiring |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Links
Website: | bernadetteharris.lokationre.com |
Financial Details
Asking Price: | $6,800,000 |
Gross Revenue: | 350,000 |
Gross Revenue Range: | Under $500,000 |
EBITDA (Earnings before Income, Taxes and Depreciation): | $300,000+ |
EBITDA Range: | Over $300,000 |
SDE Range: | $100,000 |
FF&E Value (Furniture Fixtures and Equipment): | 2,000,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $1,000,000 |
Vendor Financing Available: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Real Estate Owned |
Financial Comments (include any Financing information that may be useful): | Owner will accept a purchase offer for the real estate, inventory and business in the $10-12M range (negotiable) with partial seller finance terms possible; OR a purchase offer of $6,800,000 for the REAL ESTATE subject to a 2 year agreement to purchase, lease or sell the business. |
Contact Listing Owner
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